Our Business is Phosphate
- FCV is a pure phosphate play with phosphate assets in Peru and Colombia
- Bayovar 12 project is a low-risk entry opportunity into a world-class phosphate district
- Key management and advisors have many decades of experience working in Peru
- Our strategy is to reach pre-feasibility level at Bayovar 12 as fast as possible
Focus Ventures Inc., a TSX-V listed company, has built an unrivalled portfolio of phosphate rock assets in Peru and Colombia. Our mission is to maximize value for stakeholders by using management's extensive technical experience to rapidly assess and advance the projects, and help meet future regional demand for phosphate rock. Phosphorus is an essential component of modern fertilizers, and is the key to enhancing crop yields in modern farming.
To add value for our shareholders we have put together a highly effective team of talented geologists and advisors, led by President David Cass. Our ultimate goal is to define a major, economically mineable phosphate resource which we can advance to production as 100% owners or together with a strategic partner. Our exploration programs are driven by the application of sound science and many years of technical experience. Our technical management is guided and supported by an experienced Board of Directors led by Chairman and CEO Simon Ridgway who has raised in excess of $400 million for his companies over the last decade.
Respect for the environment, shareholders, communities, and authorities are essential to the achievement of our mission.
In September 2013, our project portfolio reached critical mass with the signing of a binding letter of intent between our local Peruvian subsidiary and Juan Paulo Quay S.A.C. (JPQ) for the exploration and acquisition of the Bayovar 12 phosphate mining concession. Bayovar 12 is located 70 km south of the city of Piura in northern Peru, close to Vale's operating Bayovar phosphate Mine. With almost identical geology to Vale's project, Focus' initial drilling at Bayovar 12 indicates that the concession could host a large sedimentary phosphate deposit. The first 20 drill holes have resulted in the definition of a substantial NI43-101 resource
in August 2014, which is expected to grow further as drilling continues. Benefitting from excellent infrastructure and a nearby Port, Focus plans to advance the project rapidly to pre-feasibility level engineering.